GERMANY: Systematic Internalisation Standard Form Released

Wednesday November 29 2017

BaFin have released a standard form for systematic internalisers.

From 3 January 2018 onwards, investment services enterprises which are active as systematic internalisers must notify BaFin of this without delay. The background to this is the amended German Securities Trading Act (Wertpapierhandelsgesetz – WpHG).

BaFin has created a standard form, with which affected market participants can meet this requirement. In addition, BaFin asks systematic internalisers to voluntarily suspend trading with certain financial instruments or to remove these instruments from trading from 3 January 2018 until corresponding legal provisions enter into force.

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